Millers Oils advised on FAST acquisition

The Corporate team have advised Millers Oils, the Brighouse-headquartered specialist oil and lubricants manufacturer, on their acquisition of Shrewsbury-based Fuel Additive Science Technologies (FAST).

Millers Oils was established in 1887 currently operates across a range of sectors, including automotive, motorsport and classic vehicles, agricultural and off road, and commercial vehicles.

Following the deal, FAST will continue to trade as a wholly owned subsidiary of the company.

Millers Oils will also take ownership of the established Exocet brand, a range of fuel additives and treatments. This will help to broaden its customer base into the marine and domestic heating oil sectors, both within the UK and in some overseas markets.

Jamie Ryan, managing director at Millers Oils, said: "This modest acquisition of FAST is strategic and fits very well with Millers Oils due to the high profile of the Exocet brand within a broad range of sectors, some of which will be new to the company. With FAST being a former supplier of Millers Oils, we know the company well.

Bob and SallyAnn Bell will remain as consultants in the short term. FAST's managing director, Neil Ryding, will remain to provide management continuity and will work with Jamie Ryan at Millers Oils to fully integrate the business.